Whittier Trust Co. of Nevada Inc. Acquires 5,687 Shares of The Charles Schwab Corporation $SCHW

Whittier Trust Co. of Nevada Inc. increased its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,472 shares of the financial services provider’s stock after buying an additional 5,687 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Charles Schwab were worth $11,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dogwood Wealth Management LLC increased its stake in Charles Schwab by 99.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 247 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 123 shares during the period. Piscataqua Savings Bank bought a new stake in shares of Charles Schwab during the 4th quarter valued at $26,000. GoalVest Advisory LLC acquired a new stake in shares of Charles Schwab during the 4th quarter worth $28,000. Beacon Financial Strategies CORP bought a new position in shares of Charles Schwab in the fourth quarter worth $29,000. Finally, Optima Capital LLC acquired a new position in Charles Schwab in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 84.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SCHW shares. TD Cowen upped their price objective on shares of Charles Schwab from $108.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Charles Schwab in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $128.00 price target on shares of Charles Schwab in a research note on Friday, May 15th. Truist Financial lowered their price target on Charles Schwab from $122.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. upped their price objective on Charles Schwab from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.00.

Insider Activity at Charles Schwab

In other Charles Schwab news, Director Frank C. Herringer sold 2,520 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $90.60, for a total value of $228,312.00. Following the completion of the transaction, the director directly owned 177,508 shares in the company, valued at approximately $16,082,224.80. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul V. Woolway sold 7,941 shares of Charles Schwab stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $100.00, for a total value of $794,100.00. Following the sale, the insider directly owned 29,866 shares in the company, valued at $2,986,600. The trade was a 21.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,700 shares of company stock valued at $5,889,131 in the last 90 days. 6.30% of the stock is owned by corporate insiders.

Charles Schwab Price Performance

SCHW stock opened at $96.81 on Monday. The stock has a market cap of $168.37 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 0.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.62 and a quick ratio of 0.62. The company has a 50 day simple moving average of $90.46 and a 200 day simple moving average of $95.16. The Charles Schwab Corporation has a 1 year low of $83.96 and a 1 year high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Thursday, April 16th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $6.39 billion. Charles Schwab had a net margin of 37.99% and a return on equity of 23.05%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. Research analysts anticipate that The Charles Schwab Corporation will post 6.14 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 8th. Charles Schwab’s dividend payout ratio is presently 25.40%.

Charles Schwab Company Profile

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.